ArcelorMittal (MT NA) CFO says steel imports into EU should still be high in Q2, as players want to get material before new trade policy in July
The CFO's comments about high steel imports into the EU suggest heightened demand in anticipation of a potential trade policy change, which could influence supply dynamics.
Iranian Foreign Minister Araqchi says stopping the attacks against Lebanon was part of the ceasefire understanding between US and Iran and will be of interest to Iran in any future path, Al Mayadeen reports
US President Trump reiterates calls for Republicans to terminate filibuster
ArcelorMittal (MT NA) CFO says steel imports into EU should still be high in Q2, as players want to get material before new trade policy in July
Chinese VP He Lifeng held a call with USTR Greer; held candid, in-depth exchanges; both agree to manage differences and boost cooperation
US Chicago PMI (Apr) 49.2 vs. Exp. 55.3 (Prev. 52.8)
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If players are stockpiling before July, we may see upward pressure on prices in the near term, impacting the broader commodities complex and related equities, notably in the steel sector. Keep an eye on how this trend affects not just steel prices but also the valuations of companies in the metals and mining space.
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